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The MBA (Master of Business Administration) predates all the other post gratduate business degrees around. The fist MBA program was at Harvard University in 1908. Since then it has changed and grown to become the most significant and popular post graduate degree, providing numerous specialty paths and being taught in a number of different formats.

That Harvard MBA can run you up to $200,000 today, however the average program runs $60,000. Don't forget the expense of all the time spent writing papers and doing analysis. Although, some low impact online schools offer the program for as low as $7,000. Other online schools can charge weighty amounts. Many students with full time day jobs place a high value in being able to do those classes online, or those students might not have a schedule which will let them take those classes in any other format.

Finishing the MBA is like completing a two year marathon. It is a major victory. The value in potential career earnings which it adds is the icing on the cake. That's what a business degree is supposed to do, right? Looking at two professionals of equal accomplishment and 5-9 years of experience, the one with the Bachelor of Business Administration averages $51,376 a year, while the MBA averages $68,989 annually. That is a big impact.

Lots of MBA students never specialize. They focus totally on business management for his or her career. For that matter, several MBA programs offer only the management option. It is not a constrained choice, as all businesses larger than a handful of people need managers.

As businesses are comprised of people, skilled managers are needed to handle human resource departments. Human resource managers deal with the various aspects of the organization related to the employees, including hiring, firing, benefits, retirement planning, personal assistance, and coaching. Usually a MBA Human Resources will hold the title of HR manager, benefits manager, recruiter or the like.

For those that want to work in management roles in hotels, restaurants and the tourism sector the MBA in Hospitality and Tourism examines the techniques needed to run those organizations. Coursework covers everything from logistics to how to manage facilities operations. This is a less common specialization.

Another typical need of businesses of any size is marketing. A number of companies are large enough to have its own marketing department, while other companies outsource their advertising needs to agencies. These needs include branding advertising, promotions, and public relations. MBA grads in advertising and marketing can be found with job titles like marketing manager, branding specialist, advertising executive, public relations specialist, and marketing analyst.

Health care offers a number of prospects for anyone with the Master of business administration. The Master of business administration Healthcare specializes in the business components of medical care management, for example accounting, finance, marketing and advertising and healthcare policy. This particular degree is made for individuals who control hospitals, medical offices, other clinical care facilities and public health programs.